Introduction
Staking Arbitrum can be a great option for those who want to hold ARB but earn yield in a safe way while contributing to the network. The steps can be a bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Acquire Arbitrum (ARB) Tokens
To stake Arbitrum, you need to own it. To get Arbitrum, you'll need to buy it. You can select from these popular exchanges.
See all 57 pricesPlatform Coin Price Nexo Arbitrum (ARB) 0.33 Uphold Arbitrum (ARB) 0.33 YouHodler Arbitrum (ARB) 0.33 OKX Arbitrum (ARB) 0.33 Binance Arbitrum (ARB) 0.33 BTSE Arbitrum (ARB) 0.33 2. Choose a Arbitrum Wallet
Once you have ARB, you’ll need to choose a Arbitrum wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitmart Arbitrum (ARB) Up to 1 APY 3. Delegate Your ARB
We recommend using a staking pool when staking ARB. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ARB, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Arbitrum network. You’ll be rewarded with ARB for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest Movements
Arbitrum (ARB) is currently priced at USD 0.4 with a 24-hour trading volume of USD 408.73M. The market cap of Arbitrum stands at USD 3.15B, with 4.21B ARB in circulation. For those looking to buy or trade Arbitrum, Bitmart offers avenues to do so securely and efficiently
- Market cap
- USD 3.15B
- 24h volume
- USD 408.73M
- Circulating supply
- 4.21B ARB